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Company Registration No. SC243395 (Scotland)
Carnegie Properties (Scotland) Ltd. Unaudited accounts for the year ended 28 February 2025
Carnegie Properties (Scotland) Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Carnegie Properties (Scotland) Ltd. Company Information for the year ended 28 February 2025
Director
James McPhail
Company Number
SC243395 (Scotland)
Registered Office
28 Broad Street Glasgow G40 2QL
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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Carnegie Properties (Scotland) Ltd. Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,067,975 
1,192,440 
Current assets
Debtors
5
6,683 
15,602 
Cash at bank and in hand
12,218 
5,157 
18,901 
20,759 
Creditors: amounts falling due within one year
6
(93,951)
(134,052)
Net current liabilities
(75,050)
(113,293)
Total assets less current liabilities
992,925 
1,079,147 
Creditors: amounts falling due after more than one year
7
(858,897)
(968,468)
Net assets
134,028 
110,679 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
133,928 
110,579 
Shareholders' funds
134,028 
110,679 
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2025 and were signed on its behalf by
James McPhail Director Company Registration No. SC243395
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Carnegie Properties (Scotland) Ltd. Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Carnegie Properties (Scotland) Ltd. is a private company, limited by shares, registered in Scotland, registration number SC243395. The registered office is 28 Broad Street, Glasgow, G40 2QL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2024
1,187,768 
9,068 
4,616 
1,201,452 
Additions
- 
- 
10,000 
10,000 
Disposals
(133,296)
- 
- 
(133,296)
At 28 February 2025
1,054,472 
9,068 
14,616 
1,078,156 
Depreciation
At 1 March 2024
- 
7,858 
1,154 
9,012 
Charge for the year
- 
866 
303 
1,169 
At 28 February 2025
- 
8,724 
1,457 
10,181 
Net book value
At 28 February 2025
1,054,472 
344 
13,159 
1,067,975 
At 29 February 2024
1,187,768 
1,210 
3,462 
1,192,440 
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Carnegie Properties (Scotland) Ltd. Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
402 
871 
Trade debtors
- 
8,558 
Accrued income and prepayments
5,000 
5,000 
Other debtors
1,281 
1,173 
6,683 
15,602 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
52,975 
54,459 
Taxes and social security
5,751 
13,365 
Other creditors
35,225 
30,152 
Loans from directors
- 
36,076 
93,951 
134,052 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
19,089 
22,728 
Other creditors
839,808 
945,740 
858,897 
968,468 
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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